Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Short Interest Update

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 272,141 shares, an increase of 171.5% from the April 15th total of 100,224 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 142,633 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC increased its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,092 shares of the company’s stock after purchasing an additional 17,078 shares during the quarter. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Tidal Trust II Defiance S&P 500 Price Performance

Shares of NYSEARCA:SPYT opened at $17.89 on Friday. The company has a market cap of $151.71 million, a P/E ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 1 year low of $15.77 and a 1 year high of $18.68. The stock’s fifty day moving average price is $16.87 and its 200-day moving average price is $17.41.

Tidal Trust II Defiance S&P 500 Company Profile

The Defiance S&P 500 Target Income ETF (SPYT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds seeking to provide current income through option premiums from daily S&P 500 call spreads. The secondary objective of the fund is to seek exposure to the indexs performance. SPYT was launched on Mar 7, 2024 and is issued by Defiance.